Hi Ms. Lorri,
How are you? Thank you for your online inquiry. In a typical real estate transaction, the buyer normally gets 15 days to do their home inspection and within the 15 day period, the buyer can either send a "Reply To Inspections Addendum" to request for any seller's assistance, credit for repairs or requesting for repairs to be made prior to settlement, or to re-negotiable the purchase price of the home, or the buyer could simply put in writing of a Termination notice to end the contract if the buyer no longer wishes to purchase the property.
The buyer is not obligated to submit a "Reply to Inspection Addendum". If the buyer went through the home inspection and are OK with everything and the buyer doesn't wish to re-negotiate the deal, then when the 15 day inspection contingency period has passed, the buyer is presumed to accept the property in its AS-IS condition and the deal moves on.
I don't believe the seller could end the contract because you are still purchasing the house regardless. You have done your due diligence and you are subject to continue on with the deal, unless after the 15 day inspection contingency period had passed and you and the seller agree to terminate the deal, then that'll be OK if both parties terminate in writing. For any further detailed legal advice, I would suggest speaking to an attorney.
Hope that helps!
***** If you like the answer - please consider giving it a Thumbs-up & making it a "Best Answer" ! Thank you! *****
Phong Lam, CSM
CENTURY 21 Advantage Gold
2010 Oregon Avenue
Philadelphia, PA 19145
Business: (215) 465-1400, ext. 508
Fax: (215) 336-7793
Mobile: (267) 918-1880
Professional Profile & Testimonials: http://www.linkedin.com/in/PhongDucLam
To connect with me: http://www.retaggr.com/AddMe/PhongDucLam
Buyers' Info: http://www.facebook.com/TriCountyPhiladelphiaHomebuyers
Sellers' Info: http://www.facebook.com/TriCountyPhiladelphiaHomeSellers
Century 21 Advantage Gold Top 21 Percent Award for 2009!
A referral from you would be the biggest compliment you could give me!
If you're interested, please ask me for your FREE Local Market Report for home values in your area!